Bystronic acquires 100% of the automation specialist Antil
Bystronic is increasing its existing 70% stake in Antil S.p.A. and acquiring the remaining 30% minority stake. Bystronic is thus strengthening its portfolio in the field of automation in accordance with its Strategy 2025.
Zurich, November 29, 2021 - Flexible manufacturing aligned with automated material handling and data flow is key to the productivity of Bystronic's customers in the sheet metal processing industry. In the summer of 2018, Bystronic acquired 70% of the family-owned company Antil S.p.A. in San Giuliano Milanese (Province of Milan) in northern Italy. Since then, Bystronic has integrated Antil's operations, doubled sales to approximately CHF 40 million at good profitability and increased the number of employees from 110 to 200.
Since the beginning of the year, the demand for automation solutions for laser cutting systems has grown well above average. Effective November 26, 2021, Bystronic has acquired the remaining minority stake of 30%, in order to further increase customer proximity and expand the market.
Antil's portfolio includes loading and unloading laser cutting and punching systems, automated sheet metal storage systems, and robot-assisted bending solutions for the gold segment. In Italy, Bystronic also operates its Group-wide competence center for automation solutions.
Alex Waser, CEO of Bystronic, emphasizes: "Automation is one of the core drivers of growth for both our customers and our own business. With this acquisition, we are strengthening our portfolio in this crucial field and will thus be able to even more effectively address our customers' needs. Based on our growth strategy 2025, we will offer our systems in all market segments, and over the coming months, we will leverage Antil's know-how to develop additional automation solutions for the silver and entry-level segment in China."
Bystronic (SIX: BYS) is a leading global technology company in the field of sheet metal processing. The focus is on the automation of the complete material and data flow of the cutting and bending process chain. The intelligent networking of laser cutting systems and press brakes based on innovative automation, software and service solutions is key to achieving the comprehensive digitalization of the sheet metal processing industry.
Bystronic's operational headquarters are located in Niederönz, Switzerland. Additional development and production sites are located in Sulgen (Switzerland), Gotha (Germany), Cazzago San Martino and San Giuliano Milanese (Italy), Tianjin and Shenzhen (China), and Hoffman Estates (USA). We are active with our own sales and service companies in more than 30 countries and are represented by agents in numerous other countries.
This communication contains forward-looking statements, which are subject to uncertainty and risks. Actual future results may differ materially from those expressed in or implied by these statements. Some of these uncertainties and risks relate to factors that are beyond Bystronic's ability to control or predict precisely, such as, in particular, future market conditions, currency fluctuations, or the behavior of other market participants. Readers are cautioned not to put undue reliance on forward-looking statements, since these relate only to the date of this communication. Bystronic disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or any other factors.
File: Bystronic acquires 100% of the automation specialist Antil